February 11, 2010

A Greek Crisis Is Coming to the U.S.

Niall Ferguson, Financial Times

AP Photo

It began in Athens. It is spreading to Lisbon and Madrid. But it would be a grave mistake to assume that the sovereign debt crisis that is unfolding will remain confined to the weaker eurozone economies. For this is more than just a Mediterranean problem with a farmyard acronym. It is a fiscal crisis of the western world. Its ramifications are far more profound than most investors currently appreciate.

 

 

 

 

 

 

Read Full Article ››

TAGGED: America, Madrid, ATHENS, Lisbon

RECOMMENDED ARTICLES

May 15, 2012
Grading Medvedev's Foreign Policy
Int'l Institute for Strategic Studies
The Duma's confirmation of Dmitry Medvedev as prime minister on 8 May, a day after Vladimir Putin's inauguration as president, marked the completion of their long-anticipated role swap and a new period in Russia's foreign... more ››
May 17, 2012
Pakistan's Missed Chance to Tame Badlands
David Ignatius, Wash Post
As America begins to pull back its troops from Afghanistan, there's one consequence that gets little notice but is likely to have lasting impact: Pakistan is losing the best chance in its history to gain political control over... more ››
May 11, 2012
America's Outdated View of China
Perry Link, Washington Post
When the human rights lawyer Chen Guang­cheng escaped ­extra-legal house arrest and beatings and found his way to the U.S. Embassy last month, he became an instant hero on the Chinese Internet. How had he escaped? How... more ››